Welcome home to this beautifully designed 4-bedroom, 3.5-bath home offering 2,860 square feet of comfortable living space in the highly sought-after neighborhood, Austin Creek! From the welcoming front porch to the screened-in back porch, there's plenty of space to relax and enjoy both indoors and out. Step inside to find LVP flooring throughout the main level. The downstairs features a formal dining room, a private office for working from home, and an open-concept kitchen, breakfast area, and family room filled with natural light. The spacious family room includes a gas log fireplace. The kitchen is a dream with stainless steel appliances, a large island for meal prep and entertaining, and a generous pantry for storage. You'll also love the convenient laundry room that doubles as a mudroom just off the garage. Upstairs offers a large primary bedroom that overlooks the backyard has two walk-in closets. The primary bath offers dual vanities, separate tub and shower, and a linen closest. The upstairs also includes three additional large secondary bedrooms, two more full baths, and a versatile bonus room that can be used as a playroom, media space, or home gym. Outside your front door, enjoy sidewalks on both sides of the street, street lights, access to greenway trails, and incredible community amenities including a pool, clubhouse, dog park, and playground. All of this in a prime location near downtown Wake Forest and all the shops along Hwy 98, including Wegmans. This home offers the perfect blend of space, style, community, and convenience -- ready for you to move right in!
2236 Longmont Dr, Wake Forest, NC 27587
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
